New Delhi, Apr 20 (BNP): E-commerce platform Meesho has allotted 94,79,380 equity shares to eligible employees under its Employee Stock Ownership Plan (ESOP), reinforcing its focus on employee participation in long-term value creation. According to a regulatory filing, the allotment was approved by the company’s Nomination and Remuneration Committee through a circular resolution. The shares, with a face value of ₹1 each, have been issued…
SAEL Launches 600 MW Solar Plant in Andhra Pradesh, Boosts Clean Energy Capacity
New Delhi, Apr 20 (BNP): SAEL Industries has operationalised a 600 MW solar power project in Kurnool, Andhra Pradesh, further strengthening India’s renewable energy infrastructure. The large-scale project, spread across over 2,400 acres, has been developed in two units of 300 MW each through its subsidiary companies. The plant will feed clean electricity directly into the national grid, contributing to the country’s increasing reliance on…
India, South Korea Push to Upgrade CEPA to Deepen Trade and Investment Ties
New Delhi, Apr 20 (BNP): India and South Korea have renewed efforts to strengthen their economic partnership, with Union Commerce Minister Piyush Goyal holding discussions with his South Korean counterpart on upgrading the existing Comprehensive Economic Partnership Agreement (CEPA). The talks focused on making the trade pact more aligned with current global economic dynamics, with both sides exploring ways to enhance market access, streamline trade…
Rupee Edges Higher to 92.78 as Crude Oil Slumps Over 5 pc, Easing Import Pressure
Mumbai, Apr 20 (BNP): The Indian rupee opened on a firmer note on Monday, gaining 13 paise to 92.78 against the US dollar, supported by a sharp decline in global crude oil prices and a mildly improved risk tone in early trade. The domestic currency found relief as Brent crude, the global oil benchmark, fell more than 5% to $95.21 per barrel, easing concerns over…
Trade Deals, Softening Oil Prices May Help Narrow India’s Trade Deficit: BoB Report
New Delhi, Apr 20 (BNP): India’s record trade deficit is expected to ease in the coming months, supported by anticipated trade agreements and a possible decline in global crude oil prices, according to a recent report by Bank of Baroda. The report notes that elevated imports, particularly of energy products, have been a key driver of the widening trade gap in recent months. However, easing…
MSME Manufacturing Sees Steady Growth, But Global Tensions Weigh on Momentum
New Delhi, Apr 20 (BNP): India’s MSME manufacturing sector recorded expansion during the January–March period, although the pace of growth showed signs of moderation amid geopolitical uncertainties in West Asia, according to a recent survey by PHD Chamber of Commerce and Industry. The survey indicates that while overall business activity in the MSME segment remained positive, external pressures—particularly disruptions linked to the West Asia crisis—have…
PM Modi to Inaugurate Mega Refinery Petrochemical Project in Rajasthan
New Delhi, Apr 20 (BNP): Prime Minister Narendra Modi will visit Rajasthan on Tuesday to inaugurate India’s first greenfield integrated refinery and petrochemical complex at Pachpadra in Balotra. The project, built with an investment of over ₹79,450 crore, is among the largest energy infrastructure developments in the country. Officials said it marks an important step in expanding India’s refining capacity while strengthening its petrochemical manufacturing…
Dubai’s leading developers have sold vast majority of homes scheduled for delivery this year
fäm Properties analysis shows city’s 4-year pipeline 71.45% committed, as absorption rate leaves major global markets far behind Dubai, UAE, 20th April, 2026: Dubai’s leading developers have already sold the vast majority of homes scheduled for delivery in 2026, while buyers have also snapped up 71.45% of the city’s total off-plan pipeline due for completion between 2026 and 2029. A market analysis issued by fäm Properties today…
India’s Power Transmission Sector to Attract INR 9 Trillion Investment by 2032: Report
New Delhi, Apr 20 (BNP): India’s power transmission sector is set for a significant expansion, with projected investments of around ₹9 trillion by 2032, according to a recent industry report. The surge in capital expenditure is expected to be driven by rising electricity demand, rapid infrastructure growth, and the country’s ongoing clean energy transition. The report states that the planned investments will focus on strengthening…
Cottonseed Oil Cake Prices Inch Up in Futures Trade on Fresh Bets
New Delhi, Apr 20 (BNP): Cottonseed oil cake prices recorded a marginal uptick in futures trade on Monday, supported by fresh buying interest and improved demand in the market. On the National Commodity and Derivatives Exchange, cottonseed oil cake futures for May delivery rose slightly to ₹3,424 per quintal, reflecting a steady tone in trading activity. Market participants said the increase was driven by the…